The Captive must wait until all claims are closed before distributing profits for that policy period. Typically, captives start to close underwriting years three years after the expiration date of the policy period. Each year is calculated separately.

Capital is required in all captives to purchase stock or shares in the Captive insurance company. This purchases your common share, which would typically be held by your company, and your preferred shares that should be held by whomever you want your profit distribution to be paid to. The purchase of stock in TangoRe is $10,000, which is less than any other member-owned group captive.

Claims have a direct impact on premium in all captives. In TangoRe, each member pays a premium according to their loss experience. The fewer claims you have, the lower your rates will be, and the lower your premium will be. Captive pricing is designed to be very stable, unlike the traditional insurance market where pricing can fluctuate dramatically from year to year.

In a captive, you will be rewarded in two ways for having fewer claims. Your renewal premium will be reduced over time, and you will receive more underwriting profit.

Collateral is required by all captives and is collected as additional security to protect the carrier and the member-to-member obligation in the event a member does not meet their financial obligations to the Captive

Every captive has different collateral requirements. Some require a higher amount of collateral over three years. TangoRe allows TSPs to pay in a lower amount of collateral over two years. The collateral is broken up into smaller amounts to be more 'cash-flow friendly'

Yes, the TangoRe policies included are Workers Compensation (WC), General Liability (GL), Auto Physical Damage (APD), and Non-Trucking Liability (NTL), which meet or exceed FedEx coverage requirements. In addition, our carrier is A+, XV rated, also meeting FedEx's requirements

There is no short-rate penalty if you must cancel your policies in the TangoRe Captive. You would still receive any profit you have in the Captive as each year closes. Your collateral and any earned profits will be returned to you once the policy year that you participated in is closed.

The main advantages include customized premiums based on your individual loss experience, potential to recoup unused underwriting profits, access to comprehensive loss control and nurse triage services, and the ability to select your service providers. Additionally, being part of a Captive provides financial stability and opportunities for growth.

TangoRe provides excellent Claims Management services, ensuring that claims are handled promptly and efficiently. Our goal is to minimize the impact on your operations while ensuring fair and accurate claim settlements. Members benefit from our extensive experience and resources in managing claims effectively.